HK50 - 10/20/2024 - Descending channel on the 60min
HK50 working in a descending channel on the 60min chart time. We are currently working the top of the channel and next strongest resistance at 20,940.00. Going beyond this price range, we can look for the region of 21,600 or even higher levels. On the other hand, we have the possibility that the price will continue within the channel and visit its support line, where it would be a very interesting buying zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.